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Friday, June 12, 2009

RICH DAD & pOOR DAD

Two Dads Two PhilosophiesRich Dad Poor Dad’s monumental success showed that Robert and wife KimKiyosaki, co-founders of The Rich Dad Company, were on the right trackin their mission to educate and empower people by improving theirfinancial literacy.

Robert’s financial philosophy was honed at a young age when, havingbeen raised by two “dads,” a rich one and a poor one, he had beentaught to strive for two different goals. His educated father (his realfather) wanted him to go to school and get a cozy corporate job. Hisrich father (his best friend’s father) told him to own the corporation.

Both men were successful in their careers and earned substantialincomes. Yet one struggled financially his entire life. The other wouldbecome one of the richest men in Hawaii. One left his family withmillions, while the other left unpaid bills. Both men valued educationbut different courses of study.

Both had different views of money—onebelieved money to be the root of all evil; the other believed the lackof money was the root of all evil.

Robert Kiyosaki compares his poor dad to those people who are perpetuallyscampering in the Rat Race, helplessly trapped in a vicious cycle ofneeding more but never able to satisfy their dreams for wealth becauseof one glaring lack: financial literacy. They spend so much time inschool learning about the problems of the world, but have not acquiredany valuable lessons about money, simply because it is never taught inschool.

As a young man having two “fathers,” Kiyosaki realized he needed to becareful about which thoughts and words he adopted as his own. At 9, hedecided to listen to and learn from his rich dad about money. And indoing so, his education about money began. His rich dad taught him overa period of 30 years, finishing when he fully understood that money isonly one form of power.

To put in short, financial education is where the real powerlies. Any comment and opinon is welcomed.